DSM: Net Asset Value(s) and Portfolio

Downing Strategic Micro-Cap Investment Trust Plc
LEI Code: 213800QMYPUW4POFFX69
Net Asset Values
The Company announces the following, all of which is unaudited:
Total Assets - including current period revenue* at 31 May 2023		£36.41m
Net Assets - including current period revenue* at 31 May 2023		£36.41m
Number of shares in issue (excluding treasury):		48,406,207
The Net Asset Value (NAV) per share at 31 May 2023 was:
Per Ordinary share (bid price) - including current period revenue*		75.21p
Per Ordinary share (bid price) - excluding current period revenue*		75.21p
Ordinary share price		65.00p
Premium/(Discount) to NAV (including current period revenue)		(13.58%)
* Current period revenue covers the period 01/03/2022 to 31/05/2023 and includes undistributed revenue in respect of that period.
Portfolio summary:		% of portfolio
1	Real Good Food Plc (Loan Notes, including accrued interest)	11.61%
2	Centaur Media Plc	8.83%
3	Flowtech Fluidpower Plc	8.04%
4	Cash and other net current assets	8.02%
5	Hargreaves Services Plc	7.61%
6	Ramsdens Holdings Plc	7.31%
7	Synectics Plc	5.54%
8	Inspecs Group plc	5.18%
9	National World Plc	5.18%
10	Volex Plc	5.03%
11	Journeo plc	4.78%
12	Equals Group Plc	4.75%
13	DigitalBox plc	4.10%
14	OnTheMarket plc	4.03%
15	Fireangel Safety Technology Plc	3.58%
16	Theworks.co.uk Plc	2.56%
17	Tactus Holdings Limited	2.09%
18	Norman Broadbent Plc	1.55%
19	Real Good Food Company Plc	0.21%
	Total	100.00%